@ep91steve: pardon my bluntness (& the sucky video quality
lol) but that defo looks like condensation to me. stainless exhausts tend to do that a bit when the engine is cold/cool. also, it appears your external ambient temps are low (for instance, on a cold morning) thus making the exhaust seem steamy/smokey which is also perfectly normal. the reason i say this is because of the way the 'smoke' tends to diffuse and disappear into the surrounding air a lot quicker than smoke would. it seems a lot more unsettled which is consistent with behavior of steam.
i wouldn't worry too much about it. perhaps you could report back to us on what happens after you've gone for a spin and have warmed up the engine a bit and you also have slightly higher outside temps.. does it still 'smoke'..?